250 Utica AveBrooklyn, NY 11213

Property Details for 250 Utica Ave

Year built

2014

Lot size

0.34 AC

Property size (Sq ft)

59,021 SF

Zone code

C4-3

Property type

Retail residential properties

APN

01384-0051

APU

13840051

Description

This exceptional 10,565 square foot medical office space is available for lease at 250 Utica Avenue in Brooklyn, New York. Located in Kings County, this single-tenant property offers a unique opportunity for a medical practice seeking a prominent location. The building boasts a substantial 10,565 square feet of vacant space, ready for immediate occupancy and customization to suit specific needs. The high ceilings, measuring 13 feet, create a spacious and airy environment. The property is classified as both retail and office space, offering versatility and potential for a variety of medical uses. The address is 250 Utica Avenue, Brooklyn, NY 11213, providing excellent visibility and accessibility. The entire building is available for lease, presenting a rare chance to secure a significant footprint in a thriving Brooklyn neighborhood. This single-tenant occupancy ensures privacy and control over the entire space. The property's classification as a medical office within a broader retail and office context suggests a location with high foot traffic and visibility, beneficial for attracting patients. The building's size and layout are ideal for a large medical practice or a group of related medical professionals. Interested parties are encouraged to inquire for further details and leasing information. This is a remarkable opportunity to establish or expand a medical practice in a highly desirable Brooklyn location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,099,838

  6.5%

  $11,169,082

  7%

  $10,371,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,953,110

  Geo Method

  $11,953,110

• Alternative Use

  Use

  Valuation

  Residential

  $11,169,082

  Hospitality

  $10,230,819

  Educational

  $8,511,921

  Medical

  $8,804,659

  Retail

  $13,240,766

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6699

Longitude

-73.9314

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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